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Re: dubstock post# 23508

Thursday, 03/13/2014 5:03:02 PM

Thursday, March 13, 2014 5:03:02 PM

Post# of 39962
It's a combination every day... There are always 8 - 12 separate brokerages playing both sides because they represent more than one person... For instance, ETRF, is E-trade. There are usually 200 million or so being bid on at .0002 and being sold at .0003. It's EVERY E-trade customer combined to total that amount, not just one individual. NITE is Knight Securites, they are owned by a trucking company and manage those assets but also facilitate soft dollar transactions so they are used as an MM more than a brokerage around here usually. BMAK is BMA Securities and is also used as a clearing house. Their bid stays 10K on bid and ask even if they have 3 billion shares behind it.... They never show their hand. Fidelity is similar, they only allow 10K trades of OTC stock. You can buy as much as you want, just 10K per trade. Everyone is buying and selling based on the first come, first serve age of their order.